Best Areas for Commercial Real Estate in St. Petersburg, Florida
Do you want to move your business to St. Petersburg? St. Petersburg, Florida is a charming seaside community with a quieter, more family-friendly atmosphere than Tampa, its more well-known neighbor to the northeast.
Reasons to consider moving your business here include the opportunity to reach more families, be closer to beaches, reach older residents, immerse yourself in a calmer, more carefree environment, and take advantage of the area’s rich tourism, which lends itself nicely to restaurants, retail stores, shopping malls, and more.
With the aforementioned criteria, here are some of the best areas to plant the roots of your business:
1) Downtown St. Petersburg – A vibrant community of independently owned boutiques, concert venues, bars and restaurants, hotels, and a beautiful waterfront, downtown St. Petersburg can cost a pretty penny when it comes to buying or renting a commercial space, but worth it if you’re looking to attract casual passers-by and walk-ins. It also makes sense when it comes to convenience. There are many law offices and other businesses there. It boasts a new grocery store, two nearby hospitals, and the ever-growing St. Petersburg campus of the University of South Florida. Commercial enterprise and residential life are driving.
2) Gateway – The Gateway area is rapidly becoming a bustling residential community. If you depend on a high-traffic business for a restaurant or bar, this may not be the best option, depending on exactly where you are. This area is primarily residential, with new and modern condominiums and apartments, making it imperative to meet the needs of the community’s residents. A good compromise might be on 4th street North, just outside the entrance area. If you are looking to build, this area has a LOT of untapped potential and is set to flourish in the years to come. It’s also the closest area to the Howard Frankland Bridge, which means accessibility is a plus.
3) Tyrone: The Tyrone area of northwest St. Petersburg offers a unique blend of suburban living and commercial businesses. You’ll find a number of affordable homes in safe neighborhoods with plenty of schools, doctors’ offices, grocery stores, three rec centers, churches, restaurants, a large shopping mall, a Walmart, Target, and more. It offers almost everything you need in close proximity.
4) Grand Central/Historic Kenwood – This arts and entertainment district is approximately 2 miles from the downtown St. Petersburg waterfront and is located along Central Avenue. It is adjacent to Tropicana Field, home of the Tampa Bay Rays, as well as many other sporting events including the Beef ‘O’ Brady’s Bowl, the Under Armor High School All-America game, and the East-West Shrine Game. This area gains its appeal from being centrally located between several neighborhoods. It is ethnically diverse and in recent years has seen a boom in retail, condos/apartments, and restaurants.